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Cashin In

News/Business. A practical look at money management. New. (CC)

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00:31:00

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Michelle 9, Us 7, America 6, Jonathan 5, Eric 4, Washington 3, Wayne 3, Obama 3, Nsa 3, Cashin 2, Juan Williams 2, Mike Huckabee 2, Benghazi 2, Dmv 2, Google 2, Mr. Snowden 2, Glenn 2, Snowden 2, Libya 1, Ben Bernanke 1,
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  FOX News    Cashin In    News/Business. A practical look  
   at money management. New. (CC)  

    November 2, 2013
    8:30 - 9:01am PDT  

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decent. >> if you can't quit buying sector funds, buy it cheaper. >> ben bernanke let's to put money, worse. >> morgan, good or bad for gold? >> same thing production decline. >> that's it for "forbes on fox." thanks for watching. have a great weekend. one month into obama care and one thing's clear, it ain't ready for prime time. but what's really up their sleeve? >> single payer. single payer system. >> single payer plan. >> single payer, that's part of the government run health care big brother style. is that what they've se cently wanted all along? we report, you decide. plus, we have been warning you about obama care for years but only now the mainstream media is catching on. asleep at the wheel or is liberal media slow walking the story. and then, it's the interview everyone is talking about. pointing the finger at president obama as more scanles erupt. "cashin' in" on your saturday morning starts right now.
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>> hi, everybody. welcome to "cashin in." our crew this week, wayne, jonathan, michelle fields and kimberly, juan williams. democrats have made no secret about it, they want complete government-run health care watch. >> i'm all for single payer system. >> if i were starting a system from scratch, then i think that the idea of moving toward a single payer system could very well make sense. >> i have supported single payer longer than many of you have been have been born. >> what we've done here with the obama care is a step in the right direction but we're far from having something that's going to work for us. >> eventually though you think we will work beyond the insurance. >> yes, absolutely yes. >> all right. k.g., keep it here in set, in studio. obama care website rollout has been a disaster. is this what they had up their sleeve the whole time?
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>> like this was a means to an end because umt mayly they wanted to push everybody out of their policies, they promised. okay, a big fat lie that you could keep your insurance. you like your insurance, you can keep it, lie. >> period. >> period. >> no, now you can't keep your own policy. they want to force you into a situation where everybody is going to have this government-run health care. i think it's obvious that's the path. they're tell you that's what they intend. >> president obama, harry reid, nancy pelosi, the leadership basically saying, we're for single payer. are you? >> no, but i must say that if you are, you know, at the moment the house of representatives one of these tea party people who is so down on obama care, i think that's where you're driving the whole conversation because they don't have any reasonableal terp tive so they are pushing america towards a single payer system. >> they are. >> exactly. >> conservatives delight in it. >> john, take this -- let me ask you. do you think there was -- in the back of their mind they're
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saying, this website thing doesn't work or people aren't signing up this way, we always have that single payer option to go to. >> it's not in the back of their mind. we talked about it on this show in 2008. the president's open goal was single payer health care can or at the very least, government control of health care. juan and msnbc and certainly the president has done it on the basis of a fallacy, argue that we had this free market in health care before the aca but those evil greedy capitalists ruined it all so we need government control. the result will have to be single payer or, at the very least, fascism which is privately owned health care to one that is completely controlled by government which is exactly what we have right now. >> not fascism yet, jonathan. socialized medicine and then, socialize, i don't know, air travel, sports. anyway, we'll do that another day. michelle fields, a lot of people are getting canceled on this. maybe that's the thing that they're going to point to and say, hey, look, insurance companies are canceling
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policies. you have to come to the government. >> yeah, that's exactly what they're doing right now. up to 80% of the 14 million people who have individual plans are going to get cancelation notices. obama knew this as early as 2010. a lot of people are saying that obama care is sort of the dmv of cyberspace. ache chully think that's insulting to the dmv. i think obama care is far worse. democrats know that. and that's why we're going to start seeing them say, oh, the reason why it doesn't work is because we need to simplify it and have government take over everything. that is the path of where they're going right now. >> there are reports this week that say that i think the first day and we have not confirmed yet, the first day, about six people, six people enrolled in obama care. at that rate, i did the math, they wanted 7 million by march. at that rate, over 20,000 years to get 7 million. >> well, you know, we talked about this in the past. you have a law here that's over
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2200 pages long. the congress didn't read it. they didn't understand it. the people don't understand it. there's no way for them to explain it. this is a giant plot. i happen to agree with jonathan on this, this is a way to substitute down government intrusion for freedom of choice. in other words, they want equality as opposed to freedom. equality and freedom are incompatible in certain ways and you just can't have equality across the board and have freedom. the people have a right to choose what they want have no choice in the matter because the government is going to enforce it. believe me, the congress and government officials are going to exempt themselves. you wait and see. >> and to piggyback very briefly on what wayne said, it's already happening. the president is substituting words like shop, exchange, marketplace, those are all free market terms. terms that say you have choice in the matter. obama care, there's no choice when it comes to obama care. it's haealth care administered y
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force, complete government control is and will be the only end result. >> hang in there, guys. michelle pointed out the dmv. some of the other public sector things, the post office, amtrak, green energy, all multibillion dollar colossal failures. ibm, at&t, google, other start-ups, those are millionity billion dollar winners. should the government turn it over to one of the private sector groups? >> it should go to the private sector. they are literally choking the last breath out of the free market and that's the way they want it. they want it all to funnel back. >> you're right. >> every road to the government to eliminate all choice, any form of capitalism in this country. that is what's coming. it's a bust. >> i hate to upset this wonderful party we're having here condemning obama care. but does anybody remember that, in fact, it was republicans conservatives who said we don't want single payer. we want the insurance companies involved in these exchanges and this is the way to go. and guess what president obama
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accommodated republican positions to try and get a deal. no republican support it. republican complaints, fascism. >> michelle and then john and then we've got to go. >> what obama care is doing right now is undermining and really tearing apart private insurance companies. >> oh, yeah, and then doing such a great job, michelle. they were bankrupting american corporation. american corporations complain about the high cost of health care under those pry vatd insurance companies. >> go ahead, michelle. >> look, what they're doing is they're choking them, like kim said. they're doing it through red tape, through regulations. that's not what we need right now. we need -- what's going to happen is we're going to see employers drop tons of people into the exchanges and then we're just going to see what we're seeing in europe. >> oh, yes. is that what you say about social security, medicare, you don't like any of it. >> that's another topic. we'll do that next week. we've got to go right now. john, first topic next block. coming up, after years of
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avoiding it, the mainstream media finally sounding the alarm about obama care. why that could be the best news we've heard in years. [ male announcer ] progresso's so passionate about its new tomato florentine soup, it took a little time to get it just right. [ ding ] ♪ but finally, it happened. perfection. at progresso, we've got a passion for quality, because you've got a passion for taste.
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well, we've been warning folks about obama care for years and now the mainstream media is finally catching on. nbc, cbs, abc following our lead and finally pointing out all the flaws that are impacting americans and, jonathan, better late than never? >> i don't think they really caught on yet, eric. i mean, the mainstream media just like the culture unfortunately is pragmatic and that's actually a bad thing. they're unable to think in principles. they can't distinguish between right and wrong. so, hey, socialized medicine, let's give the throat and see how it works. they're not fighting really on the basis here which is that socialized medicine and obama care is fundamentally wrong. it's morally wrong. no one's need is a claim on your life. and until they wake up to that, i fear we're going to cope going in exactly the wrong direction. >> what do you think, wayne, are they late to the game or slow walking the story. >> no, it's both, i think, eric.
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look, they think that the substitute the government for some reason is better equipped to make a choice for you than you are for yourself. they substitute their own -- what they think of as their own intelligence for your intelligence. it's a people can't make up their minds and they say things like, oh, look, the supreme court -- you know, okay this, both houses of congress passed this. the president signed it. it must be all right. the same thing is true of the 18th amendment, by the way, and the congress passed that and everything else. and then we had to turn around and reverse it with a 21st amendment. so this is not poured in concrete and these people are absolutely wrong and cannot recognize it. >> let's talk about the first amendment. very smart gentleman in this building once told med the media has to do their job. democracy cannot work until the media does their job. the media doing their job on this or dropping the ball? >> they are the may don't see as billion as a president. they see him as a potential future employer. there have been at least 24
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journalists who have left the profession to join the administration. what they should have been doing is fact checking a lot of obama's absurd claims about obama care. but they were facebook creeping on sarah palin's fate book and dissecting all of her status updates instead of doing what they're supposed to be doing and being real journalists. >> go ahead, juan. a lot of dropping the ball on the mainstream media, why? >> i don't think other dropping the bool. i think right now they are paying attention to the failure of the computer rollout. the website problems. >> hold on. >> do you think they're paying attention? >> oh, okay. >> if they're watching fox? >> fox definitely pays attention and mainstream media. what's striking to me is that people now somehow forget that mainstream media has been paying attention to the status quo which is bankrupting families, bankrupting corporations and they want to distort, they want the mainstream media to serve their ascend jend da and system how defeet obama care. morally wrong that we should want to take care of all the
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uninsured people, all the inadequately insured people on n. this country. >> who do you think of the mainstream media? are they doing their job? >> could it be lamer? i don't know anybody lamer than the mainstream media. i've been thinking about it for like a week plus. it's not unreasonable to ask them to do their job, in a democracy to report the news. they have no choice but the actually report the facts. failure to launch. >> so you should be saying great. >> no, they're doing an abysmal job. they should be doing a better job. it's so obvious. >> and they're fighting the website, the media and even those vocal on the right are fighting the eb with site instead of that basic fundamental point that government has a right to your life, you want to help those in need, you're welcome to but everyone else is going to be made a sacrifice for anyone. you have right to your own life, liberty, and happiness. those are the fundamentals. >> when we have war, nobody has to fight. when we have social security,
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forget those old ladies around people in the gutter. we don't care. >> michelle? >> in 2010 the administration knew that people who had individual policies up to 80% were going to be dropped. they were going to be canceled. so where was the media? why weren't they reporting it? >> you are coming to the party u, michelle, because this is has been well-known. let's get the facts on the table. 90% of the americans are not having any. we're talking about 5% and half of those. >> media -- >> what about the minority snsz. >> we're going to have to leave it there. again, another week. i wish we had more time. we're going to say thank you to michelle fields, kimberly and juan williams for joining us this week. coming up yahoo! google, and the pope, it's the interview that everyone is talking about. the guy who first broke the nsa scandal is here sounding off about that and why he says the president is not telling the truth about this. >> the nsa cannot listen to your
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telephone calls and the nsa cannot target your e-mails. >> and have not? >> and have not. whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. that's the sound of car insunce companies these days. here a cheap, there a cheap. everywhere a cheap... you get it. so what if instead ofjust a cheachoice, you could make a smart choice? like esurance for example they were born online and built to save people money from the beginning. that's what they've always ne. not just somhing they...cheep about. that's insurance for the modern world. esurance.
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now backed by allstate. click or call. coming up, forgive me father for i have spied. peeping on the pope. plus, why the health care
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hello, everybody. i'm in washington. new details are emerging at that 23-year-old suspect tied to yesterday's shooting rampage at l.a.x. authorities are saying paul ciancia apparently had suicidal thoughts before his attack which left one tsa agent dead and six others injured. we'll have much more coming up in a live report at the top of the hour. looking for a new leader? the pakistani government says the head of the pakistani
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taliban and mastermind behind that failed times square car bombing is now dead. and news that we may have some answers on that security breach in the benghazi in libya more than a year ago. benghazi attack more than a year ago. members of congress are saying three long sought after contractors are set to testify. all that, plus more on the fallout on the disastrous obama care rollout with governor mike huckabee. join us. remember when the president promised us, promised us the government isn't spying on us? >> what i can say unequivocally is that if you are a u.s. person, the nsa cannot listen to your telephone calls and the nsa cannot target your e-mails. >> and have not? >> and have not. they cannot and have not by law
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and by rule. >> well, this week we're learning the nsa might have broken into google and yahoo data centers gathering users' account information and maybe e-mails. in the hot seat for reaction, glenn greenwald, he's the journalist who broke the news on the nsa snooping scandal. welcome, glenn. president obama guaranteed, guaranteed the nsa wasn't reading our e-mails. the "washington post" reported that they infiltrated google and yahoo centers so they could in fact read the e-mails. do you think president obama was misinformed or uninformed? >> no. i think neither. i think he was informed but chose to tell the public things that he knew to be false. this has really been the nub of the story from the beginning. the top nsa officials lied to the congress about what the nsa does with regards to american communication and president obama repeatedly misled the public. in all sorts of ways, without warrants, the nsa is frequently
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monitoring the communication of american citizens. that is a major part of the scandal and article after article has proven that. >> some of the things that ed snowden reported, let me read from the "washington post." in the preceding 30 days, the report said, field collectors had processed and sent back 181 million new records, including met a data indicating who sent e-mails as well as content and text. these are mind-boggling revelations. >> let me just ask any journalist or viewer who is listening to this whether or not, when thinking about mr. snowden, they would prefer to have remained ignorant about all the things they have learned that their own government is doing to their privacy and their communications completely in the dark and with no accountability. even if you're somebody who believes you want a state that collects everybody's communications which is a daunting thing. but if you believe that, shouldn't we in a democracy know these things, know our government is doing that? the only reason we know is
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because mr. snowden informed us all and risked his liberty. >> are we going to learn more liberties that are being violated on an ongoing basis? >> definitely. i've been asked this question for months. i say the same thing. it's proven to be true over and over. still, in my view, the majority of very significant and even remarkable stories are yet to be reported. the document base is so vast that it takes a long time to go through. but there are already several stories that i'm working on that i think are going to be quite shocking to the public when they learn about what the nsa is doing to their privacy and we're working on reporting those as quickly as we can. >> you feel free to break those right now if you want to, glenn. in the meantime, let's talk about a crazy story we're reading. not sure if it's true or not. but we've heard through an italian media agency that nsa was spying on the pope. can you confirm that?
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do you have any information on it? >> i can't say for certain whether that story is true. but what i can tell you is that the institutional mind-set of the nsa and i think this is the really disturbing part, is that they try and collect everybody's communication without limits. the motto of general alexander is collect it all. when they go before the public and say we need in buying system to protect us from terrorists. nobody says that they shouldn't be targeted with surveillance. the probable slem it's false. they want to literally make it impossible for human beings to communicate. like germany and brazil. it wouldn't surprise me if the pope was wrapped up in this surveillance mess. >> they deny that. it's crazy. very quickly, news broke that ed snowden took a job in russia, some sort of web design. the thought crossed my mind, why not bring him back here and fix
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obama care website. >> he certainly very competent and well-trained. certainly more so than the people who seem to be running that website. but i think the best part about any news like this, the obama administration wants to intimidate whistle blowers. the more edward snowden can have a normalized and free life, the more it will let other whistle blowers come forward. >> again, if you ever want that platform, cash in is waiting, ready, willing and able to hear what you're ready to break. >> thanks, eric. coming up, how the health care website being temporarily down can lift america back up for good. i'll explain. ♪
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♪ ♪ [ female announcer ] with five perfectly sweetened whole grains... you can't help but see the good.
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time for what do i need to know for next week. you're first. >> i say we've been talking about health care. take a look at acadia health
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care. it's a psychiatric owner of facilities. been a study increase in earnings this last quarter. above 75%. >> very good. how about you jonathan? >> interest rates are higher this year, eric and it's helping the financial stocks, including a canadian life insurance company. strong on the charts, not widely owned. i'm looking to add to it. >> interesting. great calls lately, guys. thank you very much. that's it for the cost of freedom block. thanks for joining us. before we go, the president's signature law, obama care had a disastrous first month. glitches, log-on problems. this screen right there says it all. in fact, in screen is a metaphor for the obama president sis. america is is temporarily down. with some luck and you getting to the voting booth in november 2014, we can replace temporarily down with america is back. ronald reagan famously said, it's morning in america, time to
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wake up again america and get back up on our feet. i'll see you all on the five. have a great weekend everybody. this is a scene at los angeles international airport as it slowly begins to return to normal operations. a day after the terrifying and chaotic scene and investigators work on establishing a motive. a disturbing picture of the gunman begins to emerge and the tsa mourns the first agent killed in the line of duty. we'll have a live report from lax. who takes the fall for the botched launch of the obama care website, health and human services secretary kathleen sebelius apologizes on capitol hill. is it enough? we'll talk with congresswoman marcia blackburn and how big of a problem is this for the president. governor mike huckabee will join us as